ITUB Q4 2019 Earnings Report — Itaú Unibanco Holding S.A. Revenue & Financial Results | Market Cap Arena

Itaú Unibanco Holding S.A.ITUB

Q4 2019 Earnings

Reported December 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2019	Q3 2019	Q4 2018	QoQ Change	YoY Change
Revenue	$9.3B	—	—	—	—
Op. Income	$1.6B	—	—	—	—
Gross Margin	55.5%	—	—	—	—
Net Margin	18.9%	—	—	—	—
EPS (Diluted)	$0.18	—	—	—	—
Free Cash Flow	$6.2B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$9.3B
Cost of Revenue	$4.1B
GROSS PROFIT	$5.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.3B
SG&A Expenses	$2.3B
Other Expenses	$1.2B
Operating Expenses	$3.6B
Cost & Expenses	$7.7B
OPERATING INCOME	$1.6B
Interest Income	$6.6B
Interest Expense	$2.8B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	-$181M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$193M
EBIT	$1.6B
EBITDA	$1.8B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$9.3B
Cost of Revenue	$4.1B
GROSS PROFIT	$5.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.3B
SG&A Expenses	$2.3B
Other Expenses	$1.2B
Operating Expenses	$3.6B
Cost & Expenses	$7.7B
OPERATING INCOME	$1.6B
Interest Income	$6.6B
Interest Expense	$2.8B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	-$181M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$193M
EBIT	$1.6B
EBITDA	$1.8B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.8B
Depreciation & Amortization	$193M
Stock-Based Compensation	$26M
Deferred Income Tax	-$128M
Other Non-Cash Items	$1.5B
Change in Working Capital	$3.1B
OPERATING CASH FLOW	$6.5B
Capital Expenditure	-$279M
Acquisitions (Net)	$0
Purchases of Investments	-$5.0B
Sales/Maturities of Investments	$220M
Other Investing Activities	-$104M
NET CASH FROM INVESTING	-$5.0B
Net Debt Issuance	$982M
Common Stock Repurchased	$0
Common Dividends Paid	-$88M
Other Financing Activities	-$400M
NET CASH FROM FINANCING	$501M
FREE CASH FLOW	$6.2B
Net Change in Cash	$1.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$31.5B
Short-Term Investments	$60.8B
Net Receivables	$11.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$104.6B
PP&E (Net)	$2.2B
Goodwill	$2.2B
Intangible Assets	$1.7B
Long-Term Investments	$206.4B
Tax Assets	$7.8B
Other Non-Current Assets	$4.9B
TOTAL NON-CURRENT ASSETS	$225.3B
TOTAL ASSETS	$329.9B
Account Payables	$0
Short-Term Debt	$75.7B
Deferred Revenue	$541M
Other Current Liabilities	$105.8B
TOTAL CURRENT LIABILITIES	$182.9B
Long-Term Debt	$32.3B
Deferred Revenue NC	$541M
Deferred Tax Liabilities	$213M
Other Non-Current Liabilities	$83.1B
TOTAL NON-CURRENT LIABILITIES	$116.9B
TOTAL LIABILITIES	$299.8B
Common Stock	$19.6B
Additional Paid-In Capital	$438M
Retained Earnings	$6.0B
Treasury Stock	-$257M
Accum. Other Comp. Income	$1.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$27.6B
Minority Interest	$2.5B
TOTAL EQUITY	$30.1B
TOTAL LIABILITIES & EQUITY	$329.9B
Total Debt	$109.6B
Net Debt	$78.2B